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Innovative Solutions

Accelerating Knowledge Transfer and Leadership Development

Asenior financial executive for a major manufacturing company was retiring at a critical time for the firm. The organization had been doing a lot of short-term financing to maintain its cash flow, and this highly respected leader had incredibly strong connections throughout the banking world. The firm’s CEO knew it was imperative that the successor to this retiring executive move into his new role seamlessly to maintain strong relationships with major lenders. Anything less would threaten the firm’s critical short-term financing arrangements and its cash flow. About 40 percent of executives hired fail within the first 18 months, and about 25 percent of internal ...

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